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Monday July 18, 1977
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This Day In 1970's History: Monday July 18, 1977
  • Broad revisions to make the enforcement of the National Labor Relations Act "fairer, prompter and more predictable" were proposed to Congress by President Carter. The changes would make it easier for workers to decide if they want to form a union. There would be stiff penalties for employers who delay or defy the labor law, including cancellation of government contracts.

    How effective the proposed changes in the national labor law will be in advancing the unions' organizing attempts is questionable. The unions' share of the national work force has fallen from a fourth to about a fifth in two decades. A decade ago, unions were winning 60 percent of their representation elections; today they are winning fewer than 50 percent. The reasons for the failure to sign up more workers are disputed. [New York Times]

  • The Trans-Alaska Pipeline's oil flow from Prudhoe Bay is about to be restarted immediately, but its daily delivery capacity of 1.2 million barrels a day will be cut to 800,000 until Pump Station No. 8 is rebuilt. It was there that an explosion occurred on July 8, shutting down the pipeline. Interior Secretary Cecil Andrus, in giving permission for the resumption, said the blast was caused by human error. [New York Times]
  • The economy advanced in the April-June quarter about the same rate as the first quarter's 6.9 percent growth in the Gross National Product, the Commerce Department said in its Survey of Current Business, but it did not give a June-quarter figure. That will be made public Thursday. The department's second-quarter estimate accords with administration predictions that the G.N.P. increase would be at least 6.5 percent. [New York Times]
  • Healthy June-quarter profits and strong computer issues sent stock prices up, and advancing issues outnumbered decliners 9 to 5. A rise of 4.65 points in the Dow Jones industrial average to 910.60 erased last week's net loss of about 2 points. International Business Machines, which is often a bellwether for the general market, advanced 3 7/8 to 274 and made the active list after jumping 9 points Friday. [New York Times]
  • Prosecutions will follow the Justice Department's investigation of alleged South Korean influence buying in Washington, Attorney General Griffin Bell said. He made the statement soon after President Carter announced that he had rejected a request by Republican congressional leaders for a special prosecutor to supervise the investigation. The President then ordered Mr. Bell to "vigorously pursue the matter, without regard to person or party, and to let the chips fall where they may." [New York Times]
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